Many folks once scoffed at the idea that people would rent their homes to strangers — including Airbnb co-founder and CEO Brian Chesky’s own mother. That’s according to Chesky, who told the story at a recent Stanford Graduate School of Business event. As he recounted, he was a 20-something industrial designer, struggling to pay rent.
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Cecilie Arcurs | Getty Images After another rate hike from the Federal Reserve, advisors are watching closely for signs of future moves by the U.S. central bank that may spark changes for bond portfolios. In its continued battle with inflation, the central bank on Wednesday announced another quarter percentage point interest rate increase. Meanwhile, the
Fatcamera | E+ | Getty Images Now that a pandemic-era policy that guaranteed Medicaid enrollees wouldn’t be dropped from their coverage has come to an end, affected parents may be worried about how to keep their children insured. Under the Families First Coronavirus Response Act, states were required to provide continuous Medicaid coverage to enrollees in order
The Federal Reserve Bank building Kevin Lamarque | Reuters The Federal Reserve raised the target federal funds rate by another 0.25 percentage points on Wednesday. This marks the 10th time the Fed has raised its benchmark interest rate over the past year or so, the fastest pace of tightening since the early 1980s. Even though the Fed’s rate-hiking
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In this article SBUX Follow your favorite stocksCREATE FREE ACCOUNT Starbucks Coffee logo is seen on cups in the cafe in Krakow, Poland on February 16, 2023. Nurphoto | Nurphoto | Getty Images Starbucks on Tuesday reported quarterly earnings and revenue that beat analysts’ expectations, fueled by better-than-expected international sales. Here’s what the company reported
In this article F Follow your favorite stocksCREATE FREE ACCOUNT Ford Mustang on display at the NY Auto Show, April 6, 2023. Scott Mlyn | CNBC DETROIT — Ford Motor is set to report its first-quarter earnings after the bell Tuesday. Here’s what Wall Street is expecting, according to Refinitiv consensus estimates: Adjusted earnings per
In this article DD DELL SOFI PACW DGX SHLS BP.-GB Follow your favorite stocksCREATE FREE ACCOUNT Nurphoto | Nurphoto | Getty Images Check out the companies making headlines in midday trading. Uber — Shares of the ride-hailing giant jumped more than 8% after the company reported first-quarter revenue that beat analysts’ expectations. Revenue for the
A pedestrian wearing a face masks crosses an empty street amid the coronavirus outbreak in San Francisco, California. Liu Guanguan | China News Service via Getty Images New York and California lost over $90 billion in income during Covid as taxpayers moved to other states, accelerating the trend of high-earners relocating to lower-tax areas. New
Jose Luis Pelaez | Iconica | Getty Images Saving for retirement often comes with an upfront tax break when funneling money into pretax accounts. But it’s also critical to manage taxes on future withdrawals, experts say. If you don’t need the money, you may delay taking funds from retirement plans until your mandatory yearly withdrawals,
Maskot | Digitalvision | Getty Images The job market is still hot but is clearly slowing from the scorching levels seen during much of the past two years, according to labor experts. Job openings and voluntary worker departures (or, quits) declined in March, while the layoff rate increased, according to data issued Tuesday by the
A “For Sale” sign outside of a home in Atlanta, Georgia, Feb. 17, 2023. Dustin Chambers | Bloomberg | Getty Images After cooling for the better part of last year, home prices are on the rise again. A sharp drop in new listings, adding to an already meager supply of homes for sale, is leading